New projects emerge regularly in the dynamic world of cryptocurrencies, each vying for attention and adoption. One such project that has caught the eye of many investors and enthusiasts is “Alpha Impact”.
In this comprehensive guide, we will delve into the key aspects of Alpha Impact and offer a price prediction based on current market trends.
What Is Alpha Impact?
Alpha Impact is a decentralized finance (DeFi) platform aiming to democratize investment strategies traditionally limited to experienced investors. This blockchain-based platform introduces social trading, allowing users to follow professional traders for investment insights. The goal is to reduce barriers to investment and create passive monetization strategies for existing investors.
In response to the growing popularity of social trading in cryptocurrency, Alpha Impact recognizes the need for such benefits in the options market. Options provide investors the right, but not the obligation, to trade. Alpha Impact aims to pioneer the integration of options market trading into social trading platforms, expanding user opportunities.
Addressing the challenges faced by retail investors in blockchain-based trading, Alpha Impact is a non-custodial platform. This means it can execute trades directly from client accounts without requiring customers to send funds to the platform. Decentralized wallets are also proposed, offering enhanced security and control for users.
To create liquidity, Alpha Impact employs smart contracts, which are digital protocols running on the blockchain. Similar to traditional contracts but digital, these contracts help prevent market manipulation and unnecessary trading, ensuring a secure trading environment.
The FOLO token is the native utility token of Alpha Impact. It plays a central role in the platform. Users and holders stake FOLO tokens to receive incentives, encouraging active participation. The more tokens staked, the higher the incentives for holders. A portion of the total token supply is reserved for liquidity providers, allowing them to convert FOLO tokens into other cryptocurrencies or tokens.
History of Alpha Impact
An initial DEX offering (IDO) was conducted in January 2021 to distribute the genesis batch of FOLO tokens. The IDO raised over $1.5 million from private investors. This allowed further development of the Alpha Impact platform over 2021 and 2022.
Major milestones for the project include the Alpha Impact Vault launch in June 2021, which brought stabilized yield farming to the platform. It was followed by the Impact mobile wallet in September 2022, which allowed easy access to DeFi tools. Over 10,000 users joined the platform within the first year.
The FOLO token was officially listed on the UniSwap exchange in April 2022. It has shown steady growth in adoption since listing, promising to mainstream decentralized finance. Alpha Impact continues rapid innovation thanks to its vibrant community.
Price Prediction for Alpha Impact
Predicting the price of a cryptocurrency is difficult due to various factors like market trends and project developments. While giving an exact prediction is impossible, we can analyze current market dynamics for an educated estimate.
As of the time of writing, Alpha Impact’s native token (let’s call it ALPHA) is trading at $0.001411. The price has steadily grown over the past few months, supported by positive developments such as platform upgrades, partnerships, and a growing user base.
Looking ahead, several factors could influence the price of FOLO:
- Market Sentiment
The overall sentiment in the cryptocurrency market plays a significant role. Positive developments and increased interest in decentralized finance could contribute to a bullish trend for Alpha Impact.
- Platform Adoption
As more users discover and adopt the Alpha Impact platform, demand for the native token will likely increase. The team’s ability to deliver on its promises and attract a substantial user base will be a key driver for the token’s value.
- Partnerships and Collaborations
Strategic partnerships with other blockchain projects, financial institutions, or influential individuals can positively impact Alpha Impact’s credibility and market perception, potentially leading to an uptick in the token’s price.
Conclusion
Alpha Impact is a promising project in decentralized finance, providing a complete platform for crypto trading, investing, and earning. With innovative features, a committed team, and a community-driven approach, Alpha Impact could significantly influence crypto.
However, like any investment, it’s vital to approach Alpha Impact thoughtfully, conducting due diligence, and staying informed about market trends. While predicting the exact price is difficult, the mentioned factors indicate a positive outlook. Investors should be cautious, making decisions based on risk tolerance and financial goals.
FAQs
- Where can you purchase Alpha Impact (FOLO)?
FOLO tokens are available for trading on decentralized exchanges, with Quickswap being a popular choice. The most actively traded pair on Quickswap is FOLO/WETH, with a trading volume of $319.84 in the past 24 hours.
- What is the Daily Trading Volume of Alpha Impact (FOLO)?
Alpha Impact (FOLO) has experienced a trading volume of $319.84 in the last 24 hours, indicating a 4.10% decrease from the previous day and suggesting a recent decline in market activity.
- What is the All-Time High for Alpha Impact (FOLO)?
The highest price ever paid for Alpha Impact (FOLO) was $0.065629, recorded on November 9, 2021, approximately two years ago. The current price of the token is 97.87% lower than the all-time high.
- What is the All-Time Low for Alpha Impact (FOLO)?
The lowest price ever paid for Alpha Impact (FOLO) was $0.00095921, noted on September 22, 2023, just two months ago. The current price is 45.55% higher than the all-time low.
- What is the Market Cap of Alpha Impact (FOLO)?
The market capitalization of Alpha Impact (FOLO) stands at $84,612.81, earning it the rank of #3209 on CoinGecko. Market cap is calculated by multiplying the token price by the circulating supply of FOLO tokens, of which 61 million are currently tradable.
- What is the Fully Diluted Valuation of Alpha Impact (FOLO)?
Alpha Impact’s fully diluted valuation (FDV) (FOLO) is $589,652. This represents the maximum market cap, assuming the 420 million FOLO tokens are circulated. Depending on the token emission schedule, it may take several years for FDV to be realized.
- How Does the Price Performance of Alpha Impact Compare to Peers?
Over the last 7 days, Alpha Impact (FOLO) has seen a price decline of -3.20%, underperforming the global cryptocurrency market, up 2.90%. Additionally, it is underperforming compared to similar Ethereum Ecosystem cryptocurrencies, which have seen a 12.70% increase.
- What is the Market Sentiment of Alpha Impact Today?
Currently, there are no votes on Alpha Impact (FOLO). Be the first to vote and share your perspective with the community.
- How to Add Alpha Impact (FOLO) to MetaMask?
To include Alpha Impact (FOLO) in MetaMask for viewing token holdings and decentralized exchange trading, you can import FOLO as a token. You can either manually import FOLO’s contract address (0xb2a63a5dd36c91ec2da59b188ff047f66fac122a) or, if using MetaMask’s Chrome extension, add FOLO to MetaMask with a single click on CoinGecko.